Mr Yum Raises £48M in Series A Funding

Mr Yum, a Melbourne, Australia-based mobile payments company, raised £48M in Series A funding.

The round, which brought the total funding raised to date to £55M ($100M AUD), was led by Tiger Global with participation from Commerce VC, VU Venture Partners and Skip Capital, the private fund of Atlassian co-founder Scott Farquhar, Kim Jackson, existing investors TEN13 and AirTree, Australian NBA star Patty Mills and Grammy Award winning artists Rüfüs Du Sol.

The company intends to use the funds to continue to expand operations and its business reach globally.

Founded in November 2018 by CEO Kim Teo, Mr Yum is a mobile ordering, payments and growth platform for the hospitality and entertainment industries. It has been adopted in all types of venues, including casinos, theatres, shopping centres, cinemas, cruise ships and airports as well as restaurants, bars, pubs and cafes.

The service has been launched in the UK in 2021 and has been rolled out at leading venues including Little Creatures and The Breakfast Club, as well as festivals including Taste of London and Henley Regatta.

The company has more than 120 full-time staff with teams in Los Angeles, London, Sydney, Brisbane and the Melbourne headquarters. It has 13 million users and more than 1500 venues on the platform globally.